Thanapiriya PCLBKK:TNP-F 99 ROE % is 19.81% as of Dec. 2025, which is 29% above its 10-year median of 15.36. GuruFocus rates BKK:TNP-F with a GF Score™ of 99/100. The stock has 1 warning sign investors should review. Among 306 Retail - Defensive companies, Thanapiriya PCL ranks better than 73.86% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Thanapiriya PCL's annualized net income for the quarter that ended in Dec. 2025 was ฿256.16 Mil. Thanapiriya PCL's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was ฿1,292.93 Mil. Therefore, Thanapiriya PCL's annualized ROE % for the quarter that ended in Dec. 2025 was 19.81%.
The historical rank and industry rank for Thanapiriya PCL's ROE % or its related term are showing as below:
BKK:TNP-F'
s ROE % Range Over the Past 10 Years
Min: 9.93 Med: 15.36 Max: 22.6
Current: 16.93
During the past 13 years, Thanapiriya PCL's highest ROE % was 22.60%. The lowest was 9.93%. And the median was 15.36%.
BKK:TNP-F's ROE % is ranked better than 73.86% of 306
companies
in the Retail - Defensive industry
Industry Median: 8.56
vs BKK:TNP-F: 16.93
Thanapiriya PCL (BKK:TNP-F) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thanapiriya PCL ROE % Related Terms
Thanapiriya PCL ROE % Historical Data
* Premium members only.
The historical data trend for Thanapiriya PCL's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Grocery Stores subindustry, Thanapiriya PCL's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thanapiriya PCL ROE % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Thanapiriya PCL's ROE % distribution charts can be found below:
* The bar in red indicates where Thanapiriya PCL's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Thanapiriya PCL (BKK:TNP-F) has a ROE % of 19.81% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Thanapiriya PCL and its competitors. This is 29% above median its historical median of 15.36. Over the past decade, Thanapiriya PCL's ROE % has ranged from 9.93 to 22.60. According to the industry distribution chart, Thanapiriya PCL ranks #80 out of 306 companies in the Retail - Defensive industry, placing it in the top 26.1%.
Is Thanapiriya PCL's ROE % too high?
Thanapiriya PCL's current ROE % of 19.81% is 29% above median its 10-year median of 15.36. Over the past 10 years, this metric has ranged from a low of 9.93 to a high of 22.60. The Retail - Defensive industry median ROE % is 8.56. Thanapiriya PCL's value of 19.81% is 131.4% above this industry median. Based on the distribution chart, Thanapiriya PCL ranks #80 out of 306 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Thanapiriya PCL has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does Thanapiriya PCL's ROE % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Thanapiriya PCL ranks #80 out of 306 companies for ROE %. This puts Thanapiriya PCL in the upper half of its industry. The industry median ROE % is 8.56. Thanapiriya PCL's value of 19.81% is 131.4% above this benchmark. Historically, Thanapiriya PCL's own ROE % has ranged from 9.93 to 22.60 over the past decade. While the company's 10-year median is 15.36 vs. the industry median of 8.56, Thanapiriya PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Retail - Defensive company?
The median ROE % among Retail - Defensive companies is 8.56, based on 306 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thanapiriya PCL's current ROE % of 19.81% is 131.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Thanapiriya PCL and its competitors. For the Retail - Defensive industry, the median ROE % is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanapiriya PCL's current ROE % is 19.81%, which is 29% above median its own 10-year median of 15.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanapiriya PCL stock overvalued right now?
Thanapiriya PCL (BKK:TNP-F) has a current ROE % of 19.81%. The current ROE % is 19.81%, which is 29% above median its 10-year median of 15.36 and 131.4% above the Retail - Defensive industry median of 8.56. Thanapiriya PCL's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Thanapiriya PCL (BKK:TNP-F), the current ROE % is 19.81% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Thanapiriya PCL is engaged in the retail and wholesale business of consumer goods. The company operates retail and wholesale superstores excluding fresh food through its supermarkets under the brand Thanapiriya. It generates revenue from sales and services through its branches and head office in Thailand.
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